CreditKarma - my score dropped 100+ pts? am I crazy?

[crashgizmo]

Hmm that's odd. Credit Karma isn't super accurate IME, but it's still weird to have a drop like that. Was the other source you checked a site like Credit Karma, or was it a straight up credit report? I think if it's the latter, you can trust that if it says you are still the same.

[crashgizmo]

Wait- did you just buy a house or am I thinking of someone else? I think initially a mortgage will make your credit drop as it is a new large debt, and then it goes back up.

[mrsfarmer]

Their site isn't completely accurate, but it should show you why it dropped. Check it again Friday - if it updated 2/20, it should recalculate 2/27. We just built a house, shifted some credit utilization around, but it didn't drop that much. Also, does yours have Experian and Transunion? They are rolling out the 2 score system to their users. Mine already updated and it's good to see the side by side comparison of the two.

[niemand88f]

mp I experienced the same thing when I checked yesterday. I haven't had any inquiries, changes in balances, missed payments, anything that should change the score at all - just a massive ~100 point drop in my credit scores according to Credit Karma (I'm seeing both TransUnion & Equifax there approximately the same score). It provides no explanation beyond what it has always said about my accounts, so no explanation of the sudden drop except I guess the new calculation

[craftyone]

Similar posts as yours:

www.fatwallet.com/forums/finance/1144664/


Have you paid to get your credit scores from FICO? If you are concerned, I would look at it over a period of time. Initial credit inquiries with buying a house and the initial debt without a first payment/range of good payments can all change your score. I usually only look at my credit score maybe every year as long as my credit report looks like everything is in order.